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INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameINFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN
Plan identification number 001

INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INFORMATION SYSTEMS & NETWORKS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:INFORMATION SYSTEMS & NETWORKS CORPORATION
Employer identification number (EIN):521191165
NAIC Classification:238900

Additional information about INFORMATION SYSTEMS & NETWORKS CORPORATION

Jurisdiction of Incorporation: Maryland Secretary of State
Incorporation Date:
Company Identification Number: D01178656

More information about INFORMATION SYSTEMS & NETWORKS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01NICHOLAS L. SAAKVITNE
0012015-01-01JANE LAMBERT2016-07-29 JANE LAMBERT2016-07-29
0012014-01-01NICHOLAS L. SAAKVITNE
0012014-01-01NICHOLAS L. SAAKVITNE
0012014-01-01ARVIN MALKANI2015-06-25
0012013-01-01NICHOLAS L. SAAKVITNE
0012012-01-01INFORMATION SYSTEMS NETWORKS2013-05-15
0012011-01-01NICHOLAS L. SAAKVITNE
0012009-01-01NICHOLAS L. SAAKVITNE

Plan Statistics for INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN

401k plan membership statisitcs for INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN

Measure Date Value
2015: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0114
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0115
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0114
Total of all active and inactive participants2014-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0114
Number of participants with account balances2014-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0141
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0115
Number of participants with account balances2013-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2011: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0190
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0176
Total of all active and inactive participants2011-01-0176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0176
Number of participants with account balances2011-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01313
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01291
Total of all active and inactive participants2009-01-01307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01307
Number of participants with account balances2009-01-01298
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN

Measure Date Value
2015 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2015 401k financial data
Transfers to/from the plan2015-03-11$0
Total income from all sources2015-03-11$0
Expenses. Total of all expenses incurred2015-03-11$493,338
Benefits paid (including direct rollovers)2015-03-11$493,238
Total plan assets at end of year2015-03-11$0
Total plan assets at beginning of year2015-03-11$493,338
Value of fidelity bond covering the plan2015-03-11$1,000,000
Expenses. Other expenses not covered elsewhere2015-03-11$100
Net income (gross income less expenses)2015-03-11$-493,338
Net plan assets at end of year (total assets less liabilities)2015-03-11$0
Net plan assets at beginning of year (total assets less liabilities)2015-03-11$493,338
2014 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2014 401k financial data
Total income from all sources2014-12-31$14,412
Expenses. Total of all expenses incurred2014-12-31$28,550
Benefits paid (including direct rollovers)2014-12-31$28,300
Total plan assets at end of year2014-12-31$493,338
Total plan assets at beginning of year2014-12-31$507,476
Value of fidelity bond covering the plan2014-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$250
Other income received2014-12-31$14,412
Net income (gross income less expenses)2014-12-31$-14,138
Net plan assets at end of year (total assets less liabilities)2014-12-31$493,338
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$507,476
2013 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2013 401k financial data
Total income from all sources2013-12-31$40,545
Expenses. Total of all expenses incurred2013-12-31$312,339
Benefits paid (including direct rollovers)2013-12-31$309,539
Total plan assets at end of year2013-12-31$507,476
Total plan assets at beginning of year2013-12-31$779,270
Value of fidelity bond covering the plan2013-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$2,800
Other income received2013-12-31$40,545
Net income (gross income less expenses)2013-12-31$-271,794
Net plan assets at end of year (total assets less liabilities)2013-12-31$507,476
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$779,270
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2012 401k financial data
Total income from all sources2012-12-31$58,646
Expenses. Total of all expenses incurred2012-12-31$583,912
Benefits paid (including direct rollovers)2012-12-31$583,477
Total plan assets at end of year2012-12-31$779,270
Total plan assets at beginning of year2012-12-31$1,304,536
Value of fidelity bond covering the plan2012-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2012-12-31$435
Other income received2012-12-31$58,646
Net income (gross income less expenses)2012-12-31$-525,266
Net plan assets at end of year (total assets less liabilities)2012-12-31$779,270
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,304,536
2011 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2011 401k financial data
Total income from all sources2011-12-31$70,489
Expenses. Total of all expenses incurred2011-12-31$276,401
Benefits paid (including direct rollovers)2011-12-31$268,143
Total plan assets at end of year2011-12-31$1,304,536
Total plan assets at beginning of year2011-12-31$1,510,448
Value of fidelity bond covering the plan2011-12-31$500,000
Expenses. Other expenses not covered elsewhere2011-12-31$8,258
Other income received2011-12-31$70,489
Net income (gross income less expenses)2011-12-31$-205,912
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,304,536
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,510,448
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$7,302
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,070
Total income from all sources (including contributions)2010-12-31$319,745
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$4,270,865
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,258,649
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$1,517,750
Value of total assets at beginning of year2010-12-31$5,462,638
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$12,216
Total interest from all sources2010-12-31$15,032
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$58,284
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$58,284
Administrative expenses professional fees incurred2010-12-31$12,216
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$36,980
Minimum employer required contribution for this plan year2010-12-31$36,980
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$6,723
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$4,251
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$7,302
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$1,070
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-3,951,120
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,510,448
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,461,568
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,054,716
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,113,013
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$165,647
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,297,344
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,297,344
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$15,032
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$246,429
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Employer contributions (assets) at end of year2010-12-31$36,286
Employer contributions (assets) at beginning of year2010-12-31$48,030
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,258,649
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$254,378
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LESLEY THOMAS SCHWARZ & POSTMA, INC
Accountancy firm EIN2010-12-31953864890
2009 : INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$48,030
Minimum employer required contribution for this plan year2009-12-31$48,030
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN

2015: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2011: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: INFORMATION SYSTEMS AND NETWORKS CORPORATION EMPLOYEES PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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